Shohei Ohtani contract with the Los Angeles Dodgers is astounding for several reasons, not the least of which is the fact that it is the richest in sports history, have a look at his salary and net worth
Shohei Ohtani wrote a piece of history on Saturday.
Shohei Ohtani Los Angeles Dodgers contract amount, salary details per year, net worth in 2023
The highest contract in sports history, at $700 million (£558 million) over ten years, was inked by Japanese baseball star Shohei Ohtani with the Los Angeles Dodgers. This contract is significantly more than Mike Trout’s previous record-breaking 12-year, $427 million deal with the Los Angeles Angels.
Shohei Ohtani announces he is signing with the Dodgers. pic.twitter.com/0yUoUlDn87
— MLB (@MLB) December 9, 2023
The deal will reportedly include deferrals which will alter the fine print, but in large strokes, the deal would be $70 million per year for the Japanese phenom and Ohtani will take home $1,346,153 per week, or $5,833,333 per calendar month. He has a current net worth of $50 million.
In addition, it surpasses football legend Lionel Messi’s four-year, $674 million deal with Barcelona, according to the BBC. Messi had inked a deal with Inter Miami earlier in July 2023, which would have paid him around $60 million annually in salary, ownership of an Inter Miami share, and a signing bonus. The agreement would be in effect from July 1, 2023, to the end of December 20, 2025.
Ohtani now ranks among the highest-paid sportsmen in the world thanks to this deal, which is the biggest in US Major League Baseball (MLB) history.
Contract breakdown
The Athletic’s Ken Rosenthal claims that there are unprecedented deferrals in Ohtani’s contract. The Dodgers will save money on the competitive balance tax and maintain improved year-over-year cash flow if they continue to have a competitive, well-balanced team. This idea started on Ohtani’s side of the discussions.
Because of the individualities of the contract, Ohtani’s pay will consequently be distributed mostly in the far future. The precise amount of Ohtani’s pay in 2024 and beyond is unknown. However, Ohtani’s $700 million contract seems almost absurdly enormous at first glance.
Remember the name!
According to The Guardian, Ohtani’s total was 64% greater than baseball’s previous record, a $426.5 million, 12-year contract signed by Angels outfielder Mike Trout in 2019. Ohtani’s 10-year contract compensation is more than the current market values of six NHL teams, which are less than $700 million: the Arizona Coyotes, Florida Panthers, Buffalo Sabres, Columbus Blue Jackets, Carolina Hurricanes, and Winnipeg Jets.
Ohtani was named the American League MVP in 2021, and he led Japan to a historic triumph over the United States in March. This was the first World Baseball Classic title game that Japan had ever defeated the Americans in.
Experts assert that Ohtani is just as proficient in both areas as the majority of baseball players who focus on pitching or batting. Moreover, after securing this contract, he must have been eager to get started and ensure long-term success with his team in the MLB.